France: Hello, Dollar!

Considering Charles de Gaulle's loudly clarioned contempt for most things American, the French are becoming increasingly considerate of at least one U.S. product: the Yankee dollar.

As recently as 1962, 140 U.S. corporations made their first capital investments in France. Then De Gaulle's government, describing the American companies as "monsters" trying to turn France into an economic slaveling, put on restrictions deliberately aimed at discouraging U.S. investment in France. Last year only 30 U.S. firms cared to penetrate De Gaulle's wall. Because of French obstacles, General Motors put a new, 5,000-job...

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